Held that as liability towards rent though pertaining to earlier period had crystallised during financial year 2009-10 and assessee paid and accounted for these expenses in account books in said year and also deducted and deposited TDS in said year, lease rent was allowable as business expenditure in year under consideration. (AY.2010-11)
Kamla Retail Ltd. v. Addl. CIT(2022) 212 DTR 94 / 216 TTJ 483 / 140 taxmann.com 343 (Chd)(Trib)
S. 37(1) : Business expenditure-Mercantile system of accounting-leas rent paid pertaining to earlier year-Crystallised during financial year-Allowable as deduction.[S. 145]